VendingData(TM) Corporation Announces Preliminary Year End Revenues
February 19 2004 - 11:01AM
PR Newswire (US)
VendingData(TM) Corporation Announces Preliminary Year End Revenues
LAS VEGAS, Feb. 19 /PRNewswire-FirstCall/ -- VendingData(TM)
Corporation (BULLETIN BOARD: VNDC) , a manufacturer and distributor
of products for the gaming industry that are intended to increase
customers' security, productivity and profitability, today
announced its preliminary revenues of its operations for the year
ended December 31, 2003. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO )
Management expects that its full year of revenues for the year
ended December 31, 2003 will be approximately $6.9 million, with
approximately $600,000 being recognized in the fourth quarter. This
compares to revenues of $3.5 million for the year ended December
31, 2002, an increase of approximately 97%. The fourth quarter
revenue was influenced by the following factors: (1) the Company's
focus on the successful completion of the public offering in
December 2003 absorbed valuable resources, (2) the delay in the
public offering by approximately four months caused production
delays, (3) the delay in receiving final regulatory approval by the
State of Washington for the Deck Checker(TM) until January 2004
caused deliveries to be delayed, and (4) seasonality of the
fourthquarter, which is typically weak due to scheduling and
training issues during the holiday season. The Company will release
its results of operations for the year ended December 31, 2003 on
or about March 15, 2004. The Company will issue an earnings press
release at that time and expects to schedule a conference call with
public access during the week of March 15, 2004. Additional
information is available in the "Investors Relations" section of
the Company's website at http://www.vendingdata.com/ . About
VendingData(TM) Corporation VendingData(TM) Corporation is a Las
Vegas-based developer, manufacturer and distributor of products for
the gaming industry including the SecureDrop(R) System,
Deck-Checker(TM) and Random Ejection Shuffler(TM) line.The
Company's products are currently installed in casinos throughout
the United States, including Caesars Palace, Circus Circus,
Harrah's Entertainment, Luxor, Oneida Bingo & Casino and the
Venetian. International customers include casinos in Argentina,
China, Columbia, Korea, Malaysia, Peru, United Kingdom, and
Uruguay. Visit the VendingData Web site at
http://www.vendingdata.com/ . This press release may be deemed to
contain certain forward-looking statements with respect to the
business, financial condition, and results of operations of the
Company and its subsidiaries which involve risks and uncertainties
including, but not limited to, year-end operating revenues and the
reasons associated with the revenues, financial market risks,
economic conditions, regulatory matters and litigation and other
risks described in the filings of the Company with the Securities
and Exchange Commission. These forward-looking statements generally
can be identified by phrases such as the Company "believes,"
"expects," "anticipates," "foresees," "forecasts," "estimates," or
other words or phrases of similar import. Such forward-looking
information involves important risks and uncertainties that could
significantly affect results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. For more
information, review the Company's filings with the Securities and
Exchange Commission. For further information, please contact
Jessica Neville, Vice President, Marketing and Public Relations of
VendingData(TM) Corporation, +1-702-733- 7195, ext. 121, ; or
Yvonne L. Zappulla, Managing Director of Wall Street Investor
Relations Corp., +1-212-714-2385, , for VendingData Corporation.
http://www.newscom.com/cgi-bin/prnh/20020325/LAM034LOGO
http://photoarchive.ap.org/ DATASOURCE: VendingData Corporation
CONTACT: Jessica Neville, Vice President, Marketing and Public
Relations of VendingData(TM) Corporation, +1-702-733-7195, ext.
121, ; or Yvonne L. Zappulla, Managing Director of Wall Street
Investor Relations Corp., +1-212-714-2385, , for VendingData
Corporation Web site: http://www.vendingdata.com/
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